Latest News- E-Bike Market: SLA batteries is expected to lead the Battery Type segment during 2025-2029

The E-Bike Market is being driven by Increasing sustainability and environmental concerns

The E-Bike Market is expected to grow at a CAGR of 10.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 28304.5 million. The emergence of ride-sharing, ride-hailing, and vehicle rental services has significantly boosted the adoption of connected vehicles, including e-bikes. The widespread acceptance of e-bike-sharing services globally has paved the way for the development of connected e-bikes. These connected devices enable real-time tracking of their location, which benefits both e-bike-sharing companies and users. Connected e-bikes can revolutionize the bike-sharing business model by integrating seamlessly into Urban Mobility as a part of Mobility-as-a-Service (MaaS). Once connected to a service network, e-bikes can be effortlessly tracked, reserved, and paid for via a smartphone application. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Battery Type
  • SLA batteries
  • Li-ion batteries
• Propulsion
  • Pedal assist
  • Throttle assist
• Drive
  • Belt drive
  • Chain drive
  • Belt drive
  • Chain drive
• End Use
  • Personal
  • Commercial
  • Personal
  • Commercial
• Speed
  • Up to 25 km/h
  • 25-45 km/h
  • Up to 25 km/h
  • 25-45 km/h
• E-Bike Type
  • City
  • Mountain
  • Folding
  • Cargo
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing sustainability and environmental concerns
• Declining cost of Li-ion batteries
• Presence of government initiatives and availability of subsidies

However, the market also witnesses some limitations, which are as follows:

• Product recalls due to possible failures of e-bikes
• Lack of adequate infrastructure for e-bikes
• Need for mandatory registration of e-bikes

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Market Scope in E-Bike Market Research Report

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Research Analysis Overview

The electric bike market encompasses various aspects, including maintenance tips, renowned brands, rentals, sustainable urban transportation, speed, reviews, safety, laws, range, innovation, insurance, technology, trails, accessories, performance, commuting, design, e-bikes for families, safety, bike commuting, quiet riding experience, insurance, accessories, off-road options, and e-bikes for kids. This sector caters to diverse needs, from daily commuting to recreational activities, offering eco-friendly, efficient, and innovative solutions for transportation.

Market Research Overview

The e-bike market is a significant segment of the larger household durables industry, which encompasses various product categories such as consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. Technavio projects the global e-bike market's growth, driven by factors including the increasing popularity of mid-drive motors and pedal assist technology, the integration of public transportation systems, and the adoption of Li-ion batteries. Additionally, the rise of shared micro-mobility solutions and GPS navigation systems are further expanding market opportunities. Contractual agreements between manufacturers and suppliers of hub motors, electric cycles, and battery types, including sealed lead acid and Li-ion, are instrumental to the industry's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/